Cyprus’s bailout agreement with the International Monetary Fund, the European Union and the European Central Bank will be completed in September, Stockwatch said, citing Finance Minister Vassos Shiarly.
While another two to three months are needed to determine the amount Cypriot lenders need for a recapitalization, this will not affect the funding guarantee, the Nicosia-based financial website quoted Shiarly as saying in an interview.
Cyprus may borrow as much as 11 billion euros from the troika, Stockwatch quoted Shiarly as saying.
Prime Minister Antonis Samaras and his coalition partners, PASOK leader Evangelos Venizelos and Fotis Kouvelis of Democratic Left, are to meet at 8.30 p.m. for the third attempt in less than...
As Greece’s coalition leaders struggled to solve a dispute over the closure of state broadcaster ERT on Wednesday, troika envoys said they were leaving Athens for a “pause,” noting that “imp...
New PAOK coach Huub Stevens has called for unity among fans after taking charge of the Greek club whose players said they feared for their lives last season because of regular protests.
Gree...
Greek canoeing champion Andreas Kiligkardis died on Wednesday after losing his battle against leukemia.
The 37-year-old had been in a coma since last Tuesday at a hospital in Poland - where ...
The people of this country need to see their politicians start producing real, tangible results. One of the leading factors behind the anger and frustration felt by so many Greeks toward the...
There is no room for ego trips and personal whims when the country’s survival is at stake. The three party leaders who agreed just a year ago to join forces in order to govern the country mu...
